TL;DR
- Ripple launched Prime, a prime brokerage platform for institutional clients in the U.S., expanding its trading services.
- The platform enables OTC spot trading of XRP, RLUSD, and other cryptocurrencies, integrating derivatives, swaps, fixed income, and FX within a single system.
- Prime offers cross-margining between spot trades, swaps, and CME-listed futures.
Ripple launched Prime, a digital asset prime brokerage platform for institutional clients in the United States, expanding its financial services ecosystem following the acquisition of Hidden Road.
The new infrastructure allows investors to trade multiple cryptocurrencies OTC, including XRP and RLUSD stablecoin, within an integrated system that also includes derivatives, swaps, fixed income, and FX products.
A Comprehensive Platform for Institutional Clients
The platform enables institutional clients to manage positions through cross-margining, combining spot trades, swaps, and CME-listed futures. This provides greater flexibility and efficiency in managing crypto portfolios, unifying different financial instruments under a single system.
According to Michael Higgins, International CEO of Ripple Prime, the launch of OTC spot capabilities complements the existing suite of OTC and cleared derivatives services, providing clients with a comprehensive offering that adapts to their trading strategies and liquidity needs.
Ripple is Building on the Hidden Road Acquisition
Ripple Prime’s development builds on the acquisition of Hidden Road, completed in October 2025, which allowed the company to combine regulatory licenses with the acquired firm’s prime brokerage infrastructure. This integration enables Ripple to offer institutional clients direct and secure access to multiple digital assets and financial products, simplifying the execution of complex trades.
The platform complements its institutional services, including Payments, which facilitates cross-border transactions via blockchain, and Custody, a secure digital asset storage solution. The integration of XRP and RLUSD across these offerings aims to enhance liquidity and streamline settlement, improving the experience for institutional investors.
Prime represents a strategic product for Ripple’s expansion, designed to provide more comprehensive financial services and strengthen its position in the U.S. institutional crypto market
